Stock Analysis on Net

Coca-Cola Co. (NYSE:KO)

$24.99

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

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Coca-Cola Co., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

US$ in millions

Microsoft Excel
Jun 27, 2025 Mar 28, 2025 Dec 31, 2024 Sep 27, 2024 Jun 28, 2024 Mar 29, 2024 Dec 31, 2023 Sep 29, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jul 1, 2022 Apr 1, 2022 Dec 31, 2021 Oct 1, 2021 Jul 2, 2021 Apr 2, 2021 Dec 31, 2020 Sep 25, 2020 Jun 26, 2020 Mar 27, 2020
Accounts payable and accrued expenses
Loans and notes payable
Current maturities of long-term debt
Accrued income taxes
Current liabilities
Long-term debt, excluding current maturities
Other noncurrent liabilities
Deferred income tax liabilities
Noncurrent liabilities
Total liabilities
Common stock, $0.25 par value
Capital surplus
Reinvested earnings
Accumulated other comprehensive loss
Treasury stock, at cost
Equity attributable to shareowners of The Coca-Cola Company
Equity attributable to noncontrolling interests
Total equity
Total liabilities and equity

Based on: 10-Q (reporting date: 2025-06-27), 10-Q (reporting date: 2025-03-28), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-27), 10-Q (reporting date: 2024-06-28), 10-Q (reporting date: 2024-03-29), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-29), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-07-01), 10-Q (reporting date: 2022-04-01), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-10-01), 10-Q (reporting date: 2021-07-02), 10-Q (reporting date: 2021-04-02), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-25), 10-Q (reporting date: 2020-06-26), 10-Q (reporting date: 2020-03-27).


Accounts Payable and Accrued Expenses
The accounts payable and accrued expenses exhibit considerable fluctuations across the periods, ranging from approximately $10.9 billion to nearly $23.8 billion. There is a general upward trend from mid-2023 through late 2024, peaking at $23.8 billion in September 2024, followed by a sharp decrease in the subsequent two quarters.
Loans and Notes Payable
Loans and notes payable demonstrate a downward movement early on, declining steeply from $13.7 billion in March 2020 to below $1.9 billion in late 2021. Thereafter, the figures oscillate with intermittent increases, raising to a peak of $6.1 billion in March 2024, before dropping again toward mid-2025.
Current Maturities of Long-term Debt
This liability category fluctuates without a clear consistent trend, with notable spikes in certain quarters such as $2.9 billion in April 2021 and $2.1 billion in September 2023, but also declining sharply at other times, reaching as low as $91 million in June 2025.
Accrued Income Taxes
Accrued income taxes show variability but generally maintain an upward trajectory from $458 million in March 2020 to a high of $1.7 billion in mid-2025, though a marked decrease is noted at the end of this period.
Current Liabilities
Current liabilities present significant volatility, initially dropping sharply from $32.4 billion in early 2020 to $14.6 billion by the end of 2020, then progressively increasing to a peak of $29.3 billion in mid-2024, before moderating towards $21.9 billion in mid-2025.
Long-term Debt Excluding Current Maturities
Long-term debt maintains a relatively stable but gradually declining trend from $31.1 billion in early 2020 to a low in the $34-35 billion range during late 2022 and early 2023. However, considerable increases are evident starting mid-2023, culminating in $44.9 billion by mid-2025, indicating heightened longer-term borrowing or refinancing activity.
Other Noncurrent Liabilities
Other noncurrent liabilities remain largely flat through 2020-2023 at around $8 billion, but from early 2024 onwards, a marked decrease occurs, falling to roughly $4 billion by mid-2025.
Deferred Income Tax Liabilities
Deferred income tax liabilities show minor fluctuations typically oscillating around the $2.3 to $3.1 billion range with no definitive upward or downward trend over the periods analyzed.
Noncurrent Liabilities
Noncurrent liabilities follow a slight downward trend from early 2020 $41.8 billion to a trough near $45.3 billion by late 2023, then rising again to $52.2 billion by mid-2025, driven primarily by increases in long-term debt.
Total Liabilities
Total liabilities display oscillating values, starting high at approximately $74.2 billion in early 2020, declining to $66 billion by late 2020, then increasing with some volatility toward a peak exceeding $78 billion by late 2024, followed by a decrease nearing $74 billion by mid-2025.
Common Stock
Common stock remains constant at $1.76 billion throughout the entire period, indicating no new issuances or retirements impacting this component of equity.
Capital Surplus
Capital surplus exhibits a steady, gradual increase from $17.3 billion in early 2020 to nearly $20 billion by mid-2025, reflecting retained premiums from equity transactions or other capital contributions.
Reinvested Earnings
Reinvested earnings display a consistent upward trend, growing from $66.9 billion in early 2020 to $78.8 billion by mid-2025, signaling ongoing profitability and retention of earnings within the company.
Accumulated Other Comprehensive Loss
This component fluctuates between approximately -$15.7 billion and -$16.8 billion over the reported quarters, without a clear directional trend, indicating consistent but stable comprehensive losses.
Treasury Stock at Cost
Treasury stock balances exhibit a minor increasing trend in absolute value, from about -$52.1 billion in early 2020 to nearly -$56.2 billion by mid-2025, implying ongoing repurchase activities with incremental additions to treasury shares.
Equity Attributable to Shareowners
Shareowners' equity grows steadily from $18.2 billion in early 2020 to a peak of approximately $26.5 billion in late 2024, before experiencing volatility and a slight drop to $26.2 billion by mid-2025, reflecting a positive but variable equity position over time.
Equity Attributable to Noncontrolling Interests
Equity attributable to noncontrolling interests remains relatively stable around the $1.5 to $1.7 billion range, showing no significant fluctuations across the periods.
Total Equity
Total equity follows the trajectory of shareowner equity with growth from $19.8 billion in early 2020 to a maximum of $28 billion in late 2024, before moderate fluctuations lead to a balance of $30.2 billion by mid-2025.
Total Liabilities and Equity
Total liabilities and equity combined rise from $94 billion in early 2020 to a high of $106.3 billion in late 2024, demonstrating overall growth in the company's balance sheet size, with a slight contraction thereafter to $104.3 billion by mid-2025.